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AL SB301
Bill
Status
3/12/2020
Primary Sponsor
Rodger Smitherman
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AI Summary
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Exempts TWG 2021 Birmingham Foundation, an Alabama nonprofit corporation, from all state, county, and municipal sales, use, and license taxes related to the World Games 2021 event in Alabama.
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Exempts the foundation from taxes on purchases or use of property, gross proceeds from property sales or use, and admissions to the World Games 2021 event.
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Exempts all property owned by TWG 2021 Birmingham Foundation and used for the World Games 2021 event from all state, county, and local ad valorem taxes.
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Tax exemptions expire on December 31 of the year following the year the World Games 2021 event concludes.
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Becomes effective immediately upon passage and approval by the Governor.
Legislative Description
World Games, TWG 2021 Birmingham Foundation, exempt from sales and use, ad valorem, and other taxes, Sec. 40-9-26.2 added
Taxation
Last Action
Read for the first time and referred to the Senate committee on Finance and Taxation Education
3/12/2020